Despite the delay, China Eastern Airlines remains committed to selling a stake to Singapore Airlines and plans to issue additional shares tailored for SIA when the deal finally is concluded, CEA President Li Fenghua confirmed at last week's IATA AGM in Vancouver. "We are still in talks with SIA, as both sides share a similar wish to seal the deal," he told ATWOnline. In addition to the significant cash injection, which may amount to as much as $930 million for 25% of CEA (ATWOnline, May 30), ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.